Poppy3 IN THIS MEETING TWO DAYS FROM TODAY [TUESDAY] WITH THE IMF THERE WILL BE RATE DISCUSSION TO DECIDE WHEN FUNDS FROM THE LOANS WILL BE RELEASED.
GETTING THE LOAN IS ONE THING BUT HAVING THE FUNDS RELEASED IS TOTALLY SOMETHING ELSE ENTIRELY.
REMEMBER BUYING YOUR HOME THEY WANT TO KNOW UP FRONT HOW THEY GET PAID BACK AND A PROMISE WONT CUT IT...
THEY WILL DEMAND ACTION IN WRITING AND ACTED UPON.
EXOGEN: Millionday: NOTE --- NEWS FROM TODAY >>>>>>>>>>>>>>ABADI SIGNED THE 2016 BUDGET
Millionday: NEWS FROM TODAY >>>>>>>>>>>>THE IMF IS MEETING ON THE 4TH OF THIS MONTH ABOUT THE INCLUSION OF CHINA ON THE SDR AMONG OTHER TOPICS
Millionday: THURSDAY THE 5TH OF NOVEMBER >>>>>>>>>>>Parliamentary Finance reveal a nearby cabinet meeting with the International Monetary Fund in AmmanThe parliamentary finance committee, Sunday revealed, soon meeting the Iraqi government with the International Monetary Fund in Amman to discuss the issue of lending to Iraq.
The committee member said Haitham al-Jubouri in a press statement, "The 2016 budget has not up to now, the House of Representatives," noting that "the Prime Minister did not sign it until now, to our knowledge.
Millionday: NOTE -- INK THAT ABADI SIGNED THE BUDGET
Millionday: The Jubouri, said that" There is a meeting of the Iraqi government and the International Monetary Fund on the fifth of November this in Amman to discuss the issue of lending to the country, "pointing out that" there are notes for the International Monetary Fund about the budget and the conditions in return for support Iraq materially "
Millionday: SO AS WE SEE THE MEETING IS ON THE 5TH OF NOVEMBER ON IRAQ AND THE LOAN FROM THE IMF FOR ITS DEVELOPMENT
Harambe: CNBC NEWS FLASH: Dollar jumps as Yellen stokes bets on Dec. rate hike
Dollar jumps as Yellen stokes bets on Dec. rate hike
The dollar rose sharply on Wednesday as remarks from Federal Reserve Chair Janet Yellen intensified bets the central bank would raise interest rates next month if the overall economy improves further.
The dollar index added to earlier gains tied to surprisingly upbeat data on the U.S. services sector, propelling this measure of the greenback against a basket of currencies to 3-month highs. As of 12:26 EST (1726 GMT), the dollar index was up 0.81 percent at 97.943.
The dollar climbed more than 1 percent against the euro, notching a 3-month high, while it jumped to a 2-month high against the yen. The euro was down 1 percent at 1.0851, while the yen was down 0.44 percent at 121.64.
tman23 There is no doubt that this monetary change has the best chance we have ever seen of happening before the first of the year...
AND Abadi is in a pressure cooker that is about to explode...
He doesn't have until mid next year, and IMO he doesn't even have 90 days...
Dew7: This all sounds so exciting! I would like to hear Delta on the EID subject. Thanks teams and Frank for all the great updates!
Frank26: He thinks there are two left in the year.
One this month with the last one in December.
DELTA and I talked a lot yesterday.
Hence why I wish to SHARE tonight .......... More. KTFA Frank
Moneytalks1: HI Frank,
A lot of people have forgotten about this. The high today went above .98U.S.
Talk about timing!!! Also, I am extremely excited about this month. AS you would say, "let's open up the KRACKEN!!!"
US Dollar Currency Index (.DXY :Intercontinental Exchange US)
* Data is delayed
Last | 11:18:00 AM EST
52 week range
Frank26: No we did not forget this ......... For 1 needs the other.
IMO ........... 1 to 1 with controlled free float within 1 year up to 4+.
What You doing tonight?............ Lets Talk as I SHARE.......KTFA Frank
Moneytalks1: HI Frank, Not that you guys "forgot" about this, but it hasn't been mentioned on the forum for quite a while..probably because the U.S. dollar has been going down. Interestingly enough, back in March when the U.S. dollar was at an all time high, wasn't that when Shabs got the green light from the IMF to lift the zeros from the exchange rate-or was that just pure coincidence? The dollar just started to climb after Obama signed the budget and maybe it has something to with Iraq? Thanx
Aggiedad77: Interesting that we see some here who seem to believe that Chalabi wasn't suffering from any kind of disease....(see article below) ..but we also know well that heart attacks and such can strike suddenly when least expected....it will be interesting to hear what the autopsy has to say for his death.....I hope whatever files he had were preserved in some way, or as has been mentioned.....were copied just in case of an event like this. Aloha Randy
Walkingstick: Zamili: Chalabi has corrupted files and wait for the medical report, which will show the reality of his death
Zamili: Chalabi has corrupted files and wait for the medical report, which will show the reality of his death
Direction Press / Agencies
The head of the Commission on Security and Defense parliamentary of quitting, Wednesday, the Iraqi National Congress leader Ahmad Chalabi, has a major corruption files, while noting that the parliament waiting for the medical report, which will show the reality of his death.
Zamili said in an interview that "the Iraqi National Congress leader Ahmad Chalabi has the files, and especially with the arrival of the budget to the House of Representatives," noting that "these files are important to include the corruption of political figures and political blocks"
Zamili and added that "the parliament awaiting the forensic medical report on the death of Chalabi and the fact of death, which will show whether natural or other," pointing out that "Chalabi was good health and not suffering from the disease
From Recaps Comment Section:
China is paying for this RV. You will have a street rate, international rate, market rate and contract rates.
The dong has always had a better rate of return. Vietnam is a very strong country financially in assets and GDP. Contract rates are 6.00-20.00..market rates are over 2.00 and the international rate maybe, also 2.00 and settle there.
The dinar will be 3.00 plus with market rates up to 9.00 ,contract rates will be higher up to 38.00.Rupiah may be a surprise with a high market rate of 9.00.Indonesia, like Vietnam is another very strong country.
At this point, all rates are still re-calculating in the system.
It is not easy to just load 198 countries with changes at the same time. Also, the currency markets buy and sell all day thus hedging their values
Most traders don't even realize what is about to happen with the revalue themselves.
Some countries, in the baskets will actually devalue based on GDP, inflation, deflation and keeping interest rates in balance.
The Rial should come out at 3.00 plus close to IQD international rate.